Category: Tech News

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People Digest: Antler, CVC Capital, Indosuez Wealth Management announce key appointments

Global early-stage VC Antler has appointed Subir Lohani as partner and Indonesia country head. Meanwhile, private equity firm CVC Capital Partners (CVC) has roped in Brett Sutton as Chair of Australia as it is set to open an office in Sydney. In yet another development, Indosuez Wealth Management has appointed Ian Koo as the new… Continue reading People Digest: Antler, CVC Capital, Indosuez Wealth Management announce key appointments

Massachussetts AG greenlights Uber, Lyft-backed gig worker ballot initiative

Massachusetts Attorney General Maura Healey gave a coalition of app-based service providers like Uber and Lyft the go-ahead to start collecting signatures needed to put a proposed ballot measure before voters that would define drivers as independent contractors rather than employees. Backers of the initiative, which is essentially a MA version of Proposition 22, would… Continue reading Massachussetts AG greenlights Uber, Lyft-backed gig worker ballot initiative

Tesla ordered to share Autopilot data with the US traffic safety agency

The US National Highway Traffic Safety Administration has ordered Tesla to hand over detailed Autopilot data by October 22nd or else face fines of up to $115 million, according to The New York Times. Back in August, NHTSA announced that it’s investigating incidents wherein Tesla vehicles with Autopilot activated crashed into parked first responder vehicles… Continue reading Tesla ordered to share Autopilot data with the US traffic safety agency

This week’s ‘Lower Decks’ engages in old-school Trek tropes

This post contains minor spoilers for season two, episode four of ‘Star Trek: Lower Decks.’ If you were a Star Trek newbie, today’s episode of Lower Decks, “Mugato, Gumato,” is not a good place to start. It’s packed full of references across the franchise, including Beckett Mariner, Sam Rutherford and Brad Boimler engaging in a… Continue reading This week’s ‘Lower Decks’ engages in old-school Trek tropes

Apple will allow some media apps to link outside the App Store for payments

Apple has been taking a lot of flak lately over the 30 percent cut it takes from app developers. Starting next year, though, certain developers will be able to avoid paying the tech giant a commission. The company has announced that it will update the App Store in early 2022 to allow developers of “reader”… Continue reading Apple will allow some media apps to link outside the App Store for payments

China’s Xiaomi registers electric vehicle unit with CEO Lei Jun in charge …

Chinese smartphone giant Xiaomi Corp said on Wednesday that it has completed the official business registration of its electric vehicle unit, marking the latest milestone in its push into the automotive sector. The new unit, to be called Xiaomi EV Inc, opened with a registered capital of 10 billion yuan ($1.55 billion) and Xiaomi CEO Lei Jun as… Continue reading China’s Xiaomi registers electric vehicle unit with CEO Lei Jun in charge …

Deutsche Bank regains HK IPO sponsor licence after suspension in June

Deutsche Bank has regained its Hong Kong Initial Public Offerings (IPOs) sponsors licence after it was suspended in June following the departure of key staff, according to a notice on the website of the city’s markets watchdog. Regulators put the licence on hold when the bank‘s IPO principals left. Deutsche had still been able to work on deals in a junior role but could not act as sponsor,… Continue reading Deutsche Bank regains HK IPO sponsor licence after suspension in June

Chinese regulators raise concerns with ride-hailing companies

Chinese regulators summoned 11 ride–hailing firms including Didi Global Inc, Geely’s Caocao and Meituan’s ride–hailing unit to a meeting, the transport ministry said on Thursday, to discuss points of concern in the sector. At the meeting held on Wednesday, authorities highlighted the hiring of unqualified drivers and use of promotions that disrupt fair market order, the ministry said in a statement. Regulators urged ride–hailing companies… Continue reading Chinese regulators raise concerns with ride-hailing companies

Singapore VC Accelerating Asia secures $10m so far for latest venture fund

Accelerating Asia, a Singapore-based, early-stage venture capital investor, has so far raised $10 million for its latest fund that will focus on seed to pre-Series A investments, according to an announcement on Thursday. Accelerating Asia Fund II, which has a hard cap of $20 million, has already received commitments from limited partners of its previous… Continue reading Singapore VC Accelerating Asia secures $10m so far for latest venture fund